Miracle Mile Advisors LLC Takes $240,000 Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Miracle Mile Advisors LLC bought a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,194 shares of the company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the 4th quarter valued at $505,000. SBI Securities Co. Ltd. acquired a new stake in Vanguard Mega Cap ETF in the fourth quarter valued at $31,000. Bleakley Financial Group LLC purchased a new stake in Vanguard Mega Cap ETF during the 4th quarter worth about $209,000. ProVise Management Group LLC boosted its position in shares of Vanguard Mega Cap ETF by 1.9% during the 4th quarter. ProVise Management Group LLC now owns 128,137 shares of the company’s stock worth $27,250,000 after acquiring an additional 2,342 shares in the last quarter. Finally, Blair William & Co. IL raised its position in shares of Vanguard Mega Cap ETF by 3.6% during the 4th quarter. Blair William & Co. IL now owns 2,330 shares of the company’s stock worth $495,000 after acquiring an additional 82 shares in the last quarter.

Vanguard Mega Cap ETF Stock Down 0.3%

MGC stock opened at $218.45 on Thursday. The business has a 50 day moving average price of $203.73 and a 200 day moving average price of $210.13. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 26.66 and a beta of 1.02. Vanguard Mega Cap ETF has a fifty-two week low of $173.32 and a fifty-two week high of $222.75.

About Vanguard Mega Cap ETF

The Vanguard Mega Cap ETF (MGC) is an exchange-traded fund that is based on the CRSP US Mega Cap index, a market-cap-weighted index that covers 70% of the market capitalization of the US equity market. MGC was launched on Dec 24, 2007 and is managed by Vanguard.